nifty elliott wave [ ROAD MAP]

nifty elliott wave

in my last post i have posted extension wave with 1-2,i-ii but due to technical fault i haven't uploaded such information.

http://asianmarketsforecast.blogspot.in/2013/03/nifty-elliott-wave.html

for completing wave structure-  wave 1 which was labeled with extension mark for that extension nifty has to go below 5548. than the count for wave 3 extension  can be countable.if wave ii of extension wave will not fall below 5548 than wave 3 will be countable as 5th wave extension for wave 3.

BELOW PICTURE WILL SHOWS THE ROAD MAP OF NIFTY

[compare with last forecast or nifty chart........]

nifty elliott wave extension

nifty elliott wave forecast :

high possibility of big wave. current rally from 5660 to 5953 show 5 wave up less possibility of alternative A-B-C. in larger degree wave is in extension move 1-2 , i-ii .big move confirmation only above 5972. and invalidation to wave 3 forecast at 5660. alternative possibility if 5660 breaks than a-b-c can take place in minor wave counting degree.super bull is back.

click on chart to enlarge

SHANGHAI ELLIOTT WAVE FORECAST

SHANGHAI ELLIOTT WAVE FORECAST

MY FORECAST ON CHINA AS ON 5TH SEPTEMBER 2012.

THAT CHINA IS IN WAVE 3.

CURRENT PICTURE OF CHINA.

WAVE 3 END AND WAVE 4 IS  IN ACTION SOON WAVE 5 WILL DECLINE TO COMPLETE IT'S STRUCTURE .

POSSIBILITY OF DIAGONAL (CLICK ON CHART TO ENLARGE IT).

NIFTY ELLIOTT WAVE

TREND LINES  SHOWS MORE CLEAR PICTURE OF PROGRESSION AND BREAK OUT AND SUPPORT IF CURRENT TREND BREAKS SUPPORT TREND LINE THAN SUCH FALL COULD TAKE PLACE.  (CLICK ON CHART TO ENLARGE )

 

  NIFTY EXTENSION 1-2, 1-2 ????   OR 5 WAVE END IN ALTERNATIVE COUNT

FROM MAIN COUNT SOON BIG MOVE CAN TAKE PLACE MANY OF ELLIOTT WAVE PRACTITIONER  MAY NOT SATISFY WITH CURRENT COUNT BUT TIME WILL TELL MORE ACTIONABLE MOVE IN BELOW CHART I HAVE MENTIONED 1-2 IN GREEN BOX THAT IS MINOR COUNT WAVE ,BLUE BOX WAVE  SUGGEST RUNNING FLAT,RED BOX WAVE IS ALSO FLAT AND FINAL PINK BOX WAVE COUNT IS ALSO COMPLEX IN RISING TREND I DON'T SEE AND SHARP WAVE .(CLICK ON CHART TO ENLARGE )

NIFTY 60 MINS CHART

SUGGEST CURRENT COUNT INVALIDATION AT 4840. 

(CLICK ON CHART TO ENLARGE )

DISC.REFERS TO WWW.NIFTYELLIOTTWAVE.BLOGSPOT.COM